Automotive Sensing System Market Analysis 2015

This research is to report the current market state and the future trends of Automotive Sensing System; Sensing Camera, Milliwae Radar, Laser Radar and Ultrasonic Sensors.
Automotive Sensing System market in 2015 registered 247.2M units in volume and US$ 4.8B in revenue. In 2022, this market is estimated to have 462.8M units in volume and US$ 12.8B in revenue.
There has been a full shift from the previous ADAS trend based on the increase in View Camera to the installation of Sensing System. AEB has been covered in Euro NCAP for evaluation since 2014. The evaluation is scheduled to begin for AEB + PD in 2016 and AEB + PD which includes night-time detection in 2018. On top of those, the efforts have been made towards AEB standardization in US and various OEM makers have begun to focus on the adoption of Sensing System. Japanese Car OEMs such as Toyota and Honda have begun in earnest with the adoption. Hence, the installation of Sensing System covering lower segments has accelerated in JP market as well.